Trump says he's willing to consider raising gas tax

Wednesday, 03 May, 2017

That's been a problem area because fuel taxes have been unchanged since 1993 and created financial challenges for preserving the Highway Trust Fund.

"On the infrastructure side, the president is determined that we make a major investment", he said.

"It's something that I would certainly consider", Trump said Monday in an interview with Bloomberg News in the Oval Office, describing the idea as supported by truckers "if we earmarked money toward the highways".

United States President Trump has made tax reform a cornerstone of his administration since the time of his inauguration.

While Trump's state return wouldn't include all the details from his federal return, it would offer the public much more information about the president's potential conflicts of interest or how his finances would be impacted by his own tax cut proposal, according to supporters. "The median income for many Americans is $56,000". Since the proposal was unveiled April 26, many states and cities, and advocacy groups, said they feel attacked by the White House's plan. Therefore, Trump's proposal is likely not revenue-neutral because the increase in economic growth will not make up for the loss in government revenue.

By contrast, Trump, responding to cable-TV reports about his lack of accomplishments so far, ordered up a quick tax blueprint.

New York's Senator and Democratic Minority Leader Chuck Schumer says ending the deductions could cost an average NY household $4,500 a year in additional taxes.

But previous efforts failed amid opposition spurred in part by a pledge not to raise taxes from Grover Norquist's Americans for Tax Reform that many lawmakers signed.

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Setting the scene for next season., Mourinho said: "When we meet again next season, July 9th, they will be a stronger group". In his first season at Old Trafford, Mourinho has won the League Cup and could still finish in the top four.

The Treasury Secretary noted that making the US corporate tax rate more competitive was a key component of the tax reform plan.

"I can't fix things that need to be repaired around my property because I am having to pay more tax all the time, and it's a percentage if I make more they take more", Gamber said.

GAYLE KING: I know that, but what's it like for you personally? "But I would do that".

Kim Rupert, managing director for fixed income analysis at Action Economics in San Francisco said Treasury may talk about it again at the next refunding announcement.

The yield on US 30-year bond, which moves inversely to price, rose to a three-week high, while that of 10-year notes touched session peaks after Mnuchin's comments.

CBS host Gayle King asked White House chief economic adviser Gary Cohn on Monday why he would work in a Republican administration as a registered Democrat.

"You seem happier. Just, content, when you're here in L.A. Tell us how your life has changed".

US stocks sharply pared gains on Monday after Trump's comments and the S&P 500 bank index dropped almost 1 percent before rebounding.